I play the game fairly often, and would love to see a division come out of it. However, I know that most of the people that would be playing it would also be playing in the TF2 division, and I'm not sure if the PVKII division would get enough attention, or as much as it deserves. It's like when I got TF2 I became a ghost on the DoD:S side of eGO. Just a thought.
EDIT: PVKII is also still in the beta stages, if you look on their web site you'll notice that there are still 5 more game modes to come, and many many more patches. I'm not sure if it would be the best idea to have a full blown division when it's still in its beta stages. On the flip side, though, there are a lot of players on PVKII for something in its beta stages, hopefully it'll get bigger when the full release comes out and possibly then a division would be considerable.[/rant]